New York City issued a general obligation bond for a canal in 1812. It was the first formal debt instrument with a fixed repayment schedule issued by a city. What type of bonds are these? Who is the issuer of the bonds? O Municipal bonds O Treasury bonds O Corporate bonds Bank of New York Federal Reserve Bank of New York The New York City government Which of the following statements is true about bonds? O Agency debt and government-sponsored entities (GSEs) debt usually carry slightly lower interest rates than Treasury bonds. O Agency debt and government-sponsored entities (GSEs) debt usually carry slightly higher interest rates than Treasury bonds. Which of the following types of bonds has the least default risk? O Treasury bonds O Corporate bonds O Municipal bonds